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New Deal


Announced

Greencoat UK Wind to acquire a 12.5% stake in Hornsea One Wind Farm from Global Infrastructure Partners for $1.4bn.

Financials

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Transaction Value£1,100m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Acquisition

Minority

Private

United Kingdom

wind farm

Alternative Electricity

Pending

Private Equity

Single Bidder

Domestic

Friendly

Synopsis

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Greencoat UK Wind a renewable infrastructure fund, agreed to acquire a 12.5% stake in Hornsea One Wind Farm from Global Infrastructure Partners, an infrastructure investment fund, for $1.4bn. "Hornsea 1 has a high load factor and high CFD price which complements our subsidy free investments,” Shonaid Jemmett-Page, Greencoat UK Wind Chairman.

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